Listed by Property Resources Group Raleigh
$1,945,000
8.34% Cap Strip Center -New Bern
Details
Property Type Retail
Sub Type Restaurant, Shopping Center
Square Footage 11,665
Cap Rate 8.34%
NOI $162,117
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 10.65%
Pro-Forma NOI $207,160
Price per SqFt $167
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 1.360
Investment Type Value Add
Eastern NC Multi Tenant (7 tenant) Strip Center, 11,665sf, 8.34% Cap, Corner lot, High visibility
Marketing description
8.34% CAP Opportunity Located in NEW BERN NC with Value Add potential
LOCATION
Located in NEW BERN NC
On DR MLK JR BLVD (+/-18,000 VPD)
INFO
11,665 SF
1.08AC & 0.28AC (2 Parcels)
7 Tenant (100% Occupied)
Built 1970
PRICING
$1,945,000 List Price
$166.81 Price Per SF
8.34% Cap Rate (Based on In Place Income)
Proforma Cap: 10.65% (Yr 5)
Please reach out to Patrick Anderson for more information.
Patrick Anderson
Principal
Property Resources
919 986 0363
Investment highlights
8% CAP STRIP CENTER OPPORTUNITY
11,665 SF
1.08AC & 0.28AC (2 Parcels)
7 Tenant (100% Occupied)
166.73 Price Per SF
$1,945,000 List Price
8.34% Cap Rate (Based on In Place Income)
Proforma Cap: 10.65% (Yr 5)
Listing Contacts
Listed by Property Resources Group Raleigh
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,117.00
$13,509.75/mo
Valuation Metrics
0
DSCR
8.34%
Cap Rate
8.34%
ROI
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